Thursday, April 5, 2007

Market Update

We are now at 94 homes sold or under contract since January 1, 2007. The market is still doing well, but seems to have slowed down a little.

Here is the breakdown from the last 7 days:

-9 44th St., asking $525K, sold for $525K
-115 40th St., asking $349K,sold for $325K
-306 44th St., asking $675K, sold for $670K
-234 38th St., asking $575K, sold for $529K
-4808 Landis, asking $739,777, sold for $700K
-6901 Pleasure, asking $1,850,000, sold for $1,675,000
-126 88th St., asking $425K, sold for $425K

Two of these were new construction, the rest were resales. The average percentage that these homes have come down was approx. 4%.